LED Backlit technology to remain dominant in the global large format display market
Two types of backlight technologies are currently deployed in the global large format display market – LED Backlit and CCFL. Of these, LED Backlit is the most preferred technology, being implemented across most large format display devices across the globe. In terms of value, the LED Backlit segment is expected to increase 2.2X during the forecast period. From an estimated market valuation of about US$ 9.5 Bn in 2017, the LED Backlit segment is expected to reach a market value of more than US$ 20 Bn by 2027, registering a CAGR of 8.1% over the forecast period. In terms of value, the CCFL segment is expected to increase 1.2X during the forecast period. The LED Backlit segment is projected to register high Y-o-Y growth rates throughout the period of study.
Key technology developments trending the global large format display market
Introduction of laser phosphor displays: Technological advancements in display technologies have led to the introduction of laser phosphor displays. Owing to several enhanced features such as better image quality and less power consumption, laser phosphor displays are expected to replace LED and LCD displays in the near future.
Simultaneous remote control of multiple large format displays: Owing to increasing consumer demand for advanced features such as remote control functionality along with ease of use, companies manufacturing large format displays have started incorporating features such as simultaneous remote control of multiple large format displays that enable operators to simultaneously control multiple displays remotely using devices like personal computers.
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Ambient light sensors in large format displays: As large format displays have outdoor applications at various government and public places and outside retail stores, there is an issue witnessed because of the differences in working conditions during different times of the day i.e., day and night. Manufacturers have started installing ambient light sensors in their large format displays, which enables these displays to automatically adjust the brightness according to outdoor conditions.
Augmented viewing technology with both portrait and landscape modes: With advancements in technology, a transition in viewing orientation is being observed as consumers demand displays that can provide both landscape and portrait viewing orientation. Top market vendors have started introducing large format displays that can be installed in such a way so as to facilitate both landscape and portrait views.
CCFL to be replaced by LED Backlit Technology: Innovations in backlighting technology has led to a transition from cold-cathode fluorescent (CCFL) backlighting to LED backlighting. The advantages associated with LED backlit technology include brighter display, longer product life, reduced thickness, less energy consumption, and elimination of mercury. Most of the leading companies operating in the global large format display market are now implementing LED backlit technology in their large format displays. However, adoption of CCFL technology is still being observed owing to its low costs.
Introduction of interactive (touchscreen) large format displays: Advancements in technology have led to the incorporation of touchscreen large format displays that offer enhanced end user experience. Major applications of touchscreen large format displays are in control rooms, corporate meetings, educational institutes and retail stores. Manufacturers of large format displays are now introducing touchscreen displays to cater to the rising consumer demand.
Use of large format displays in the educational sector: Large display formats are increasingly being used in the educational sector. Interactive large format displays enable several individuals to participate and view simultaneously, making it suitable for exhibiting presentations and lectures.